Comcast RISE Initiative Grants Available for Small Business Owners: An Overview
Small business owners affected by the COVID-19 pandemic may have new hope in the form of grants from the Comcast RISE Initiative. This program is offering $5,000 in prize money, consulting services, educational resources, creative output, a media program, and a technology makeover to eligible businesses in Philadelphia, Baltimore, Detroit, Memphis, or Portland, Oregon.
What is the Comcast RISE Initiative?
Comcast RISE is a program created in November 2020 that stands for Representation, Investment, Strength and Empowerment. It was designed to support small businesses that were affected by the COVID-19 pandemic, particularly those in low-income communities. The program seeks to provide resources such as marketing and technology consulting, technology upgrades, and cash awards to help businesses adapt and recover.
The new round of grant packages will continue to provide resources to small businesses, giving them the chance to scale and prosper. Winners of these grants will also receive consulting services, educational resources, creative output, and a media program that are tailored to each business’s specific needs.
Who Is Eligible?
Small businesses located in Philadelphia, Baltimore, Detroit, Memphis, or Portland, Oregon, are eligible to apply for the Comcast RISE Initiative grants. They should also have 25 or fewer employees and have been operating for three or more years. Eligible businesses should have also been negatively impacted by the pandemic.
Nevertheless, Comcast noted that “all qualified applications will be reviewed and given careful consideration” in a press release.
How to Apply
The application process opens June 1 and closes on June 30 of this year. Business owners should visit ComcastRISE.com for more information and to apply for the grant. The winners of the initiative will be announced in September.
Previous Success of the Comcast RISE Initiative
The Comcast RISE Initiative has already helped many small businesses in Philadelphia since its inception in 2020. They have received $2 million in grants, and around 400 businesses received marketing or a technology service package. The program has helped to support small businesses that are vital to the city’s economy and communities.
Many different types of businesses have benefited from the Comcast RISE Initiative, one of which is Aunt Verlea’s Pound Cake Experience, based in Mt. Airy, Philadelphia. They stated that the program helped them to keep their doors open when they were previously struggling. Additionally, Creative Healing Teen Center in Flourtown received the grant, which allowed it to continue providing its services to the community.
Investment in small businesses is also part of Comcast’s broader strategy for supporting diversity, equity, and inclusion. The program has enabled Comcast to make some progress in reaching its investment goals. It has even been recognized by the National Association of Broadcasters for its efforts in support of small businesses.
Conclusion
The Comcast RISE Initiative offers much-needed help to small businesses that are recovering from the pandemic’s aftermath. Grants of up to $5,000, consulting services, educational resources, creative output, a media program, and a technology makeover will help businesses to prosper in the future. Philadelphia, Baltimore, Detroit, Memphis, or Portland, Oregon-based companies with 25 or fewer employees that have been operating for three or more years are eligible to apply for the program.
The initiative’s positive impact on small businesses in Philadelphia is undeniable, and with its extension and expansion to other cities, more businesses may receive some much-needed assistance. Small businesses are crucial to the economy and communities, and programs like the Comcast RISE Initiative can help provide them with the support needed to emerge successfully from the pandemic.
Summary:
Comcast has launched the RISE Initiative to support small businesses affected by the pandemic. The initiative’s goal is to provide $5,000 in prize money, consulting services, educational resources, creative output, a media program, and a technology makeover. Eligible businesses must be based in Philadelphia, Baltimore, Detroit, Memphis, or Portland, Oregon. They should also have 25 or fewer employees and have been operating for three or more years. The application process for the grant closes on June 30, and the winners will be announced in September. This expansion of the Comcast RISE initiative positively impacts small businesses, particularly those in low-income communities. Furthermore, programs like this one can help provide the resources small businesses need to emerge from the pandemic successfully.
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Small business owners seeking financial help and counseling are invited to apply for this year’s round of Comcast RISE Initiative grants, which award $5,000 to local entrepreneurs.
The application period for the grant package opened on June 1 and runs through June 30. Winners will be announced in September.
In addition to prize money, grant recipients will receive consulting services, educational resources, creative output, a media program, and a technology makeover. Eligible businesses must be based in Philadelphia, Baltimore, Detroit, Memphis, or Portland, Oregon.
“Comcast RISE helps small businesses grow, create jobs and play a vital role in supporting our communities,” said Dan Bonelli, Comcast’s senior vice president of Freedom Region, in a press release. “This new round of Comcast RISE grant packages provides all the elements needed to help businesses scale and prosper for years to come.”
Comcast RISE, an acronym for Representation, Investment, Strength and Empowerment, was founded in November 2020 with the primary goal of helping small businesses hardest hit by the COVID-19 pandemic. This program is aligned with the advancement of the company’s objectives of diversity, equity, inclusion and community investment.
A total of 500 companies will receive awards this year, 100 in each of the five cities. With this year’s awards, the total number of initiative grant recipients will increase to 13,500, including 200 Philadelphia small businesses that received $2 million in grants and nearly 400 that received marketing or technology service packages.
Local winners from last year included Aunt Verlea’s Pound Cake Experience, based in Mt. Airy, and Creative Healing Teen Center in Flourtown.
“Small businesses are the backbone of our economy and are essential to building strong and prosperous local communities,” said Loren Hudson, Comcast’s senior vice president and chief diversity officer. “As small businesses move from recovering from the pandemic to focusing on expansion and growth, Comcast RISE is proud to help strengthen and empower these deserving businesses and entrepreneurs.”
For more information, visit ComcastRISE.com.
http://www.chestnuthilllocal.com/stories/comcast-opens-application-period-for-small-business-grants,28172
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